If you are preparing for an accounting aptitude test or even a job interview, these accounting questions and answers will help you master the principles of accounting. This test covers accounting past questions from WAEC, JAMB, Post UTME exams and many more.
iii and v
ii and iii
iv and v
i and ii
Correct answer is A
No explanation has been provided for this answer.
In a bank reconciliation statement, interest charged for overdrawn balances should be added to the?
Balance as per bank statement
Bank balance as per adjusted cash book
Aggregate balance as per cash book
Bank balance as per cash book
Correct answer is A
No explanation has been provided for this answer.
The process of reconciling cheques between banks is termed cheque?
Clearing
Truncation
Holding
Confirmation
Correct answer is A
No explanation has been provided for this answer.
In bank reconciliation process, discrepancies cause by timing arises as a result of?
Cash book bank statement
Bank statement only
Cash book, bank statement and other incidental records
Cash book only
Correct answer is A
No explanation has been provided for this answer.
N60
N90
N40
N100
Correct answer is A
No explanation has been provided for this answer.